Can I have more than $250,000 in FDIC insurance at one bank?
Yes. You may qualify for more than $250,000 in coverage at a single FDIC-insured bank if your funds are held in different ownership categories. For example, a revocable trust account with one owner and three unique beneficiaries may be insured up to $750,000.
What is the difference between “deposit products and “ownership categories”?
Deposit products are the types of accounts you can open at a bank, such as: These products are FDIC-insured when held at an FDIC-insured bank. Ownership categories refer to how your accounts are owned or titled, and they determine how much FDIC insurance coverage you qualify for. Examples include: Each ownership category is insured separately, […]
How much deposit insurance coverage do I qualify for?
The standard FDIC insurance covers up to $250,000 per depositor, per FDIC-insured bank, per ownership category. This means your coverage depends on: To get a personalized estimate of your coverage, you can use the FDIC’s Electronic Deposit Insurance Estimator (EDIE).
How can I check if my accounts are fully covered by deposit insurance?
You can check your coverage in a few simple ways:
How do I verify that Quontic is an FDIC Insured bank
Please go to: https://banks.data.fdic.gov/bankfind-suite/bankfind where you will be able to search for Quontic.
Where can I get more information about FDIC Insurance?
You can confirm Quontic’s FDIC insurance status by visiting the FDIC’s BankFind Suite and searching for “Quontic.”